- Some $3.9 billion in long-term debt of Phillips...

January 19, 1989

- Some $3.9 billion in long-term debt of Phillips Petroleum Co. is under review by Moody`s Investors Service Inc. for a possible upgrade. Moody`s said it is re-evaluating the ratings because the Bartlesville, Okla.-based firm has been able to retire debt ahead of schedule.